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Home
Business
Key terms
Taxation

GCSE Business · key term

Taxation

Definition

Compulsory payments that governments require from individuals and businesses.

Used by Edexcel

How each exam board covers it

Edexcel GCSE Business · 1BS0

Specification 1.5.4 · Paper 1

Taxation consists of compulsory payments to government. Different taxes affect businesses through different routes.
Revise: The Economy and Business

Edexcel Business past papers

Related key terms

Appreciation
Corporation tax
Depreciation
Direct tax
Disposable income
Economic climate
Exchange rate
Export
Import
Indirect tax

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